We're currently on a 12 month lease that ends on the 1st of November. The REA is pushing us for a renewal of a 12 month lease (possibly 6) although we're currently in the process of looking for a house to buy and don't want to be tied down to pay 12 months worth of rent. I asked the REA about a periodic lease agreement and he said "No, that's not possible".
Is what he's saying true? What are my rights here? I'm in WA.
Note: I understand that the owner wants the security of knowing they're going to have tents for the next X months and having a period lease doesn't guarantee that. But what difference does it make? In the end, they're still going to need to look for tenants whether it's as soon as our lease finishes, or 3 months into our periodic agreement.